Pandemic propels old-school bond traders towards an electronic future
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LONDON (Reuters) - The mammoth bond market has long been the old-school bastion of the financial world, but the COVID-19 pandemic has cast a light on its future - and it looks electronic. Well, mainly.At the height of the market panic in March, Seattle-based Brandon Rasmussen, a senior fixed-income trader at $300 billion (£242 billion) asset manager Russell Investments, had a client order to sell $2.5 billion worth of U.S. Treasuries.He found, though, that such a transaction was near-impossible..